Property development opportunities in London
19 August 2020
The Land Registry has resumed publication of its House Price Index, with the April 2020 data showing prices falling in London by 1.6% for the period March to April 2020, however confirms an annual rise of 2.3% to April 2020. The Nationwide House Price Index showed annual growth for the UK of 1.5% in July 2020, and a monthly rise of 1.7%, reversing the previous month's fall.
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More Close Purley CR8 2JN
Kingsbury Consultants are offering a 0.17 acre site in Purley with planning for a new building comprising 9 apartments over 7,165 sq ft. Offers are invited in the region of £1.3m. UNAVAILABLE
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7 August 2020
Keystone London and GLA Land and Property are to gain outline consent for the redevelopment of the West Silvertown area of the Royal Docks. The scheme masterplanned by Foster and Partners will be know as Thameside West and includes 5,000 homes, 19,000 sq m of workspace, 7,000 sq m of leisure and retail, a new riverside park and a new DLR station.
MORE6 August 2020
The UK government announced its plans to overhaul the planning system, categorising land for growth, renewal or protection. The aim is to protect green spaces and speed up the delivery of new homes on brownfield sites. Good design is to be prioritised with a fast-track for 'beautiful buildings'. Section 106 agreements and the Community Infrastructure Levy will be replaced with a levy based on the value of the development. The government also announced the First Homes scheme offering 30% discount to first-time buyers, key workers and local people. Update 6 August 2020: Comment by CBRE.
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29 July 2020
Hackney Council have approved the demolition of an existing building and construction of a 6/7 storey building comprising of flexible working space and co-living accommodation at 305a Kingsland Road E8. The developers are Pause and the scheme was designed by PH+ Architects.
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Land at Hollingwood School N10 2NL
A former school canteen with an internal area of 2,322 sq ft, on a 0.3 acre site, is being marketed by Gilmartin Ley. The site has received a positive pre-application response for a new build scheme of six terraced houses with a GIA of 8,073 sq ft. The guide price is £1.35m. Offers by 12pm on Tuesday 11th August 2020. SOLD
MORE27 July 2020
Southwark Council planning committee has approved an application to redevelop Dulwich Hamlet Football Stadium creating a new stadium and 219 residential dwellings. The application was submitted by Dulwich Hamlet Football Club and Meadow Residential and the scheme was designed by Alan Camp Architects.
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30 High Street Bushey WD23 3HL
Gilmartin Ley are inviting offers in excess of £1.1m for a building with development potential in the Bushey High Street Conservation area. The 0.11 acre site comprises a 3,477 sq ft building arranged as a restaurant and residential space, together with additional storage buildings. Gilmartin Ley are also marketing the neighbouring building.
MORE21 July 2020
The UK government has announced changes to the Use Class Order that will come into effect from 1 September 2020. A new Class E (Commercial Business and Services), will replace the existing Classes A1, A2, A3, B1, D1 & D2, with some exclusions. There will also be new Classes F1 (Learning and Non-residential Institutions) and F2 (Local Community). The government's aim is to allow the high street to adapt to changing demands.
MORE28/29 JULY 2020
The Barnard Marcus July 2020 property auction is to be held on the 28th and 29th of July with online bidding only. Development opportunities includes sites in Plaistow and Wimbledon, both with planning consent for a two bedroom house.
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Falmouth Avenue Chingford E4 9QR
Planning permission has been granted for the constuction of a new build building comprising 8 flats extending to approximately 5,750 sq ft. Kingsbury Consultants are seeking offers in the region of £1.4m. UNAVAILABLE
MORE16 JULY 2020
The Allsop residential auction for July 2020 will be online. Development opportunities include a mid terrace building in Ealing W5 with planning consent for conversion to residential, a hotel with extensive grounds in Cobham KT11 with planning to convert to residential, and freehold sites in Wembley HA0 and London SW19.
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Priory Lane SW15 5JQ
The Bank of England has instructed Gerald Eve to bring to market a 28 acre site comprising leisure facilities and The Grange, the Bank's former records office. The site is located within a short walk of Richmond Park and Barnes Common. Offers are invited for the long leasehold of the whole or part of the site. UNAVAILABLE
MORE8 July 2020
In a 'Plan for Jobs' speech the Chancellor Rishi Sunak announced that the threshold for stamp duty was being raised from £125,000 to £500,000 resulting in no stamp duty being paid for transactions below that level. This is a temporary cut effective immediately and running to 31st March 2021. Update 7 August 2020: Savills predict increased demand where finance is not a barrier.
MORE23 JULY 2020
McHugh & Co's July 2020 auction is online and features numerous development and refurbishment opportunities including a site with planning consent for five apartments in Winchmore Hill N21.
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Bradfield Road West Silvertown E16 2AX
Kingsbury Consultants are offering a 0.25 acre site with planning for 55 residential units extending to 38,906 sq ft NSA. The site is situated 200m from West Silvertown DLR station in a location that is undergoing extensive regeneration. Offers in excess of £5m. UNAVAILABLE
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2 July 2020
Architects Roger Stirk Harbour + Partners have submitted plans, on behalf of Transport for London and Native Land, to overhaul South Kensington Station. The proposals, extending to 12,000m2, include a four storey building incorporating retail and workspace, with the surrounding land providing 50 additional homes.
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Transport for London have released 5 sites via the Mayor of London's Small Sites x Small Builders Portal. The sites include a 0.4 acre site at 108 Palmerston Cresent N13, a 1.08 acre site at Portobello Road W10, Queensbury Car Park HA8, a 0.05 acre site at Wadham Road SW15, and a 0.62 acre site in Bowes Road, N13. The deadline for submissions is 24 August 2020.
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The London Borough of Hounslow are accepting bids for 5 sites that are being released through the Mayor of London's Small Sites x Small Builder's Portal. The sites are for 100% affordable housing and bids are to be from register providers.
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Land bounded by 685-695 Old Kent Road / 2-12 Ruby Street / Murdock Street SE15
A substantial site within 250m of the proposed Asylum Road tube station is offered by Acorn Estate Agents. The site has planning permission for 111 apartments, 17,800 sq ft of commercial space together with a church, retail space and a cafe. Offers in excess of £9,999,999. UNAVAILABLE
MORE17 JUNE 2020
The Auction House London June 2020 auction will be exclusively online. The auction features the opportunity to purchase garages in Bow E3, a house in Cricklewood NW2 with a planning application submitted for conversion to flats, and a bungalow in Sunbury on Thames with development potential.
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3 June 2020
The City of London Corporation has submitted a planning application to develop a 42 acre site at Dagenham Dock, the former site of Barking Reach power station. If successful, London's historic food markets, Smithfield, Billingsgate and New Spitalfields will move to the site in 2025, creating a world class wholesale food location.
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54 Holland Park W11 3SJ
A grade II listed Italianate villa in Holland Park is available through Savills estate agents. The building was used as an embassy up until 2011 and is now in need of full refurbishment. The building extends to 9,542 sq ft (886 sq m) and subject to planning could be reinstated to a family dwelling.
MORE21 May 2020
HMRC estimates that UK residential property transactions in April 2020 were down by 53.4% over April last year, and 46.1% lower than March 2020. Non residential transactions were 45.2% lower than April 2019 and 22% lower than March 2019. Such low transaction levels were last evident during the 2008 global financial crisis.
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310-326 St James Road, London SE1
Kalmers are offering a warehouse extending to 14,263 sq ft on a site of 0.51 acres. The property is located a mile from South Bermondsey station and offers the purchaser the opportunity to use it as B1/B8 space or develop it subject to planning permission. UNAVAILABLE
MORE13 May 2020
The government has announced that from 13th May 2020 house moves can how go ahead, subject to restrictions. Estate agents' offices and show homes can open and viewings can go ahead as long as guidelines are followed. To support safe housebuilding the government has allowed more flexible working hours. A charter for safe working practices has also been published, in conjunction with the House Builders Federation to ensure that works are carried out safely during the coronavirus epidemic.
MORE21 April 2019
A record 60 tall buildings were built in London in 2019, that is up 140% on the 2018 figure, according to the Annual Tall Buildings Survey published by New London Architecture and Knight Frank. 88% of the completed buildings are residential. Furthermore there are 525 buildings in pre-planning, planning and construction.
MORE16 April 2020
In response to COVID-19 Barratt Developments, Britain's largest house builder, temporary closes all sales centres and construction sites and suspends all house buying activity. Furthermore 85% of their staff are to be furloughed on full pay. Activities are to recommence when it is appropriate to do so.
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48-56 Ebury Bridge Road SW1W 8QF
Savills are marketing a 0.31 acre site in Pimlico, suitable for residential development, subject to planning. The site was used as a petrol station up until 10 years ago and is situated close to the Qatari Diar's redevelopment of Chelsea Barracks in Pimlico. Emerging proposals for the Ebury Bridge Estate Regeneration Project situated on the opposite side of Ebury Bridge Road, feature 10 new blocks up to 19 storeys high. Savills are quoting a price of £6.75m for the freehold. UNAVAILABLE
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Rear of Both Centre, 250 East End Rod, N2 8AU
Savills are offering a cleared site to the rear of the Bobath Centre which is accessed from East End Road, East Finchley N2. The site is close to East Finchley Underground station and extends to 0.32 acres, with potential for development subject to planning consent. Offers in excess of £2.5m are sought for the freehold. UNAVAILABLE
MORE7 APRIL 2020
The April 2020 Barnard Marcus Auction is to take place online. The auction features lots including a medical centre in Borehamwood and land with development potential in St Albans. Barnard Marcus
MORE24 March 2020
The UK government has announced the Coronavirus Business Interruption Loan Scheme, offering businesses loans of up to £5m to help survive the disruption caused as a result of the COVID-19 outbreak. The scheme is operated by the British Business Bank via accredited lenders.
MORE19 March 2020
The Bank of England's Monetary Policy Committee cut interest rates to a record low of 0.1% at a special meeting on the 19th of March. The aim of the cut is to help UK businesses and households cope with the economic disruption expected as a result of the measures necessary to contain the spread of the Covid-19 virus.
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